After Strong 2015, Houston’s Housing Market Looks Ahead to 2016
After a record-setting sales volume in 2014, Houston’s housing market kept its foot on the gas in 2015, recording the second-highest sales volume of all time, HousingWire reports.
However, despite the back-to-back strong years, 2016 looks like it will be tougher. Due to persistently low levels of housing inventory and plunging oil prices, Houston’s oil-driven housing market may cool off.
It isn’t all bad news, though, as a more diversified local economy means there will be other industries continuing to hire, bringing potential homebuyers into the area.